High accuracy “Forex Support-Resistance Trading with MA Ribbon” – Support and resistance are undoubtedly two of the most highly discussed attributes of technical analysis.
The explanation and idea behind identifying the “Support-Resistance” levels seem easy, but as you’ll find out, support and resistance can come in various forms, and the concept is more difficult to master than it first appears.
This trading system is an easy solution to trade the market with support and resistance analysis.
- Time Frame: H4 or higher
- Currency Pairs: Any
- MA Ribbon
- Moving Average
- Awesome Oscillator
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- Use a demo account or a small live account first to practice this trading system
- UnivSRT: Price above the level of Support lines
- MA Ribbon: Blue bars
- Moving Average: Price above the exponential 5 MA line
- Awesome Oscillator: Green bars
- UnivSRT: Price below the level of Support lines
- MA Ribbon: Red bars
- Moving Average: Price below the exponential 5 MA line
- Awesome Oscillator: Red bars